If keeping your home is not possible, we can work with you to make the best of a difficult situation along with reducing the damage it may have on your credit report. These types of options may
allow you to transfer ownership to the lender or to a third party for less than a full payoff.

When should you consider these options?

You are unable to sell the property for the full amount owed on your loan

You have suffered a financial hardship and are unable to recover

If your property value is not sufficient to payoff the mortgage loan in full at the time of sale, HSBC may be able to accept less than the full amount owed and allow the closing to occur. You may
be required to sign a promissory note modification agreement for the deficiency balance or a portion of the deficiency balance.